Recent on-chain low-risk returns should be at their lowest level in five years, the bad news is that after future interest rate cuts, they may be even lower.
Looking back a few years ago, there was a US stock company (a stainless steel company) that suddenly launched a DeFi project, demonstrating quite exceptional foresight, probably led by an enlightened second-generation wealthy individual.
High-quality on-chain assets are very scarce. The on-chain presence of US stocks is a promising development trend. However, before US stocks are traded 24/7, the liquidity of on-chain US stocks is significantly affected during non-trading hours.
@ResupplyFi Current proposal: https://t.co/IbQt730dkm, using a $6 million insurance pool to cover the hacker's exploitation losses seems a bit hasty. I suggest using the currently raised 2,868,832 reUSD to call out to the hacker on-chain, let's make this last effort, who knows, there might be a miracle. Perhaps @mrblocktw @newmichwill can coordinate and provide feedback on this suggestion. (I didn't mine resupply, when I saw it was the PrismaFi team starting a new venture, I instinctively stayed away.)
@newmichwill Hi, is it possible for you to give some advice to the ResupplyFi team and make a final effort to use the 2,868,832 reUSD raised so far as a white hat bounty. Try to communicate with the hacker on the chain and ask him to return the stolen money. Then the 2,868,832 reUSD will be given to him directly as a white hat reward. Give it a try, maybe there will be a miracle.
Block space is very expensive, liquidity is very expensive, both on-chain and off-chain risks are significant, and there is no operation that can be considered as 'free riding'. However, the increase in the beta return group does compress part of the alpha returns. Specifically, this is also the massive spread of stablecoins during this cycle, which unintentionally siphoned off the liquidity of altcoins.
The most popular stocks in the United States are DEFI concept stocks (circle), while the most popular stocks in China are NFT concept stocks (Pop Mart). We all have a bright future.